Thrive in an new era of scrutiny.
Mortgage lenders are facing intense scrutiny of their fair lending regulatory compliance. At the same time, compliance costs are mounting and lender margins are being squeezed by market conditions.
In this environment, developing cost-effective techniques to manage fair lending risk and increase operational efficiencies can mean the difference between continued life and death of a mortgage company.
With heightened regulatory scrutiny, lenders cannot afford to wait until well after loans close to find out if they have pricing disparities. An efficient real-time control and monitoring process is needed to reduce risk.
David Skanderson and Ivan Darius explain the main sources of fair lending pricing risk, the data required to effectively explain pricing differences among borrowers, the aspects of the pricing process that can be automated to reduce risk, and how pricing engine technology can support real-time monitoring.
Presented in partnership with:
» Richard Bitner
» David Skanderson, Ph.D.
Vice President, Charles River Associates
» Ivan Darius, Ph.D.
Founder & Co-CEO, Optimal Blue
Date: October 8, 2014